Legal Question in Business Law in New Jersey

my father invented a product in pa.sold to a company & getting % until 2049-he set up a partnership where as us kids & his wifes kids get a % yearly-he moved to florida where he passed away-his wife doesnt talk with us and we dont have access to the amounts she recieves and disperses-i have paperwork from him with the % we are to get-i would like to get a copy of the contract between my father and the company he sold to and also want to see when his wife gets money,where she deposits it & where the money ( and how much ) is going.we have been getting money yearly but it has continued to decrease even tho the company has incresed its business-also my father had set up that if the company increases our % would also increase-how do i get a copy of contract between my father and the company he sold to & how to get financials from his wife?


Asked on 1/10/12, 5:03 am

4 Answers from Attorneys
Philip Chapman Lum, Drasco & Positan, LLC

I would have to know considerably more before I could craft some advice.

If you would like to call me, I will discuss the questions I have on the phone without charge. However, in all probability, you really need to have a face to face meeting with an attorney. If after we speak on the telephone you are interested in meeting me, we can arrange a date, time and place.

If you would like to know more about me, take a look at www.superlawyer-nj.com

Coridally, Phil Chapman

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Answered on 1/10/12, 8:14 am
Michael Duffy Duffy Law, LLC

If you are in a partnership with these other parties, you almost certainly have a right to inspect partnership assets and documents. If the other parties do not comply, you could possibly obtain a court order to that effect. However, the status of the partnership, what happened to his estate after his death, and other other facts will play a role into what your options might be.

If you would like to discuss your matter further over a free and confidential phone consult, please contact me at your convenience.

Regards,

Michael J. Duffy

Duffy Law, LLC

1-888-414-5773

www.mduffylaw.com

[email protected]

Please note: The information provided here is for general informational purposes only and should not be construed as legal advice or legal opinion on specific facts or circumstances. You should consult an experienced attorney concerning your particular factual situation and any specific legal questions you may have. No attorney-client relationship is created merely through the exchange of information via this web site. Michael J. Duffy will not undertake representation of a client without the client first signing a written retainer and representation agreement.

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Answered on 1/10/12, 8:33 am
John Corbett Corbett Law Firm LLC

The starting point for your inquiry is the partnership agreement. That will establish your rights and determine who can request the infomation from the company that is paying the royalties. If you have a copy of that agreement, I can review it an give you a better answer.

I handle matters of this type. If I can be of further help to you, call or email.

See also: http://info.corbettlaw.net/lawguru.htm

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Answered on 1/10/12, 11:12 am
Walter LeVine Walter D. LeVine, Esq.

I agree with Mike and John, that as a partner you have the right both to see all documents involved and, if necessary, sue the managing partner (seems to be your step-mother) for a full and complete accounting. Suit needs to be brought where partnership is located. This is a response to an Internet question and the reply is for informational purposes only and is not intended to be legal advice or as creating an attorney-client relationship.

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Answered on 1/10/12, 11:35 am


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